Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$343,448$346,500
Remaining term (yrs)37.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.100%7.400%
Blended rate6.650%7.640%
1st payment$1,942.17$2,399.10
2nd payment$0.00$0.00
Taxes / mo$193.25$193.25
Insurance / mo$150.00$150.00
MI / mo$159.76$69.30
HOA / mo$105.00$105.00
Total monthly$2,550.18$2,916.65
Cash to close$41,552$38,500